Clc 056 test stuvia 2024 - Study guides, Class notes & Summaries

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. Government Objective: purchase at fair and reasonable price price each contract separately exclude contingencies - ANSWERIn contracting, when you act as the government's buyer, your primary objective is to acquire supplies and services from responsible sources at fair and reasonable price...